Melbourne online beauty retailer Adore Beauty has bought back the 25 percent stake it sold to Woolworths less than two years ago, with founder Kate Morris saying “our respective goals and priorities were no longer as aligned going forward as they were at the start”.
Australia’s largest ecommerce companies eWAY and Ezidebit have today announced the launch of a new fintech platform for retailers called eWAY Accelerator.
Melbourne startup Winery Lane aims to bridge the gap between Australia’s best winemakers and the consumer. Taking a collaborative approach, Winery Lane works to build the profiles and sales of independent and boutique Australian wineries.
After much speculation, online electronics retailer Kogan has today announced its Initial Public Offering, with new shares to released at an offer price of $1.80 per share as it looks to raise $50 million. The funds will be used for growth capital, with investment in new products and categories and marketing.
Luxmy Furniture has released a new augmented reality app called TestFit to virtual showcase its products. The app is part of Luxmy’s progression into new age technology as it continues its development into augmented reality.
Sydney fashiontech startup Fame and Partners has announced a $10.2 million raise from two US venture capital firms as it moves its headquarters to Los Angeles. New York City-based firm Firstmark Capital and LA-based Upfront Ventures have co-led the startup’s Series A round.
Australian startups The First Thread and Shippit.com have today announced a partnership deal that aims to improve the way consumers shop online. The collaboration will enable fashion platform The First Thread to deliver pieces from Australian designers directly to consumers wardrobe in a three-hour window thanks to Shippit’s courier service.